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291. Public and Private Regulation: Mapping the Labyrinth

Author:
Andrea Renda and Fabrizio Cafaggi
Publication Date:
10-2012
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
Private governance is currently being evoked as a viable solution to many public policy goals. However, in some circumstances it has shown to produce more harm than good, and even disastrous consequences as in the case of the financial crisis that is raging in most advanced economies. Although the current track record of private regulatory schemes is mixed, policy guidance documents around the world still require that policy-makers give priority to self-and co-regulation, with little or no additional guidance being given to policymakers to devise when, and under what circumstances, these solutions can prove viable from a public policy perspective. With an array of examples from several policy fields, this paper approaches regulation as a public-private collaborative form and attempts to identify possible policy tools to be applied by public policy-makers to efficiently and effectively approach private governance as a solution, rather than a problem. We propose a six-step theoretical framework and argue that IA techniques should: i) define an integrated framework including both the possibility that private regulation can be used as an alternative or as a complement to public legislation; ii) involve private parties in public IAs in order to define the best strategy or strategies that would ensure achievement of the regulatory objectives; and iii) contemplate the deployment of indicators related to governance and activities of the regulators and their ability to coordinate and solve disputes with other regulators.
Topic:
Economics, International Trade and Finance, Markets, and Regional Cooperation
Political Geography:
Europe

292. What Germany should fear most is its own fear: An analysis of Target2 and current account imbalances

Author:
Paul De Grauwe and Yuemei Ji
Publication Date:
09-2012
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
This paper analyzes two claims that have been made about the Target2 payment system. The first one is that this system has been used to support unsustainable current account deficits of Southern European countries. The second one is that the large accumulation of Target2 claims by the Bundesbank represents an unacceptable risk for Germany if the eurozone were to break up. We argue that these claims are unfounded. They also lead to unnecessary fears in Germany that make a solution of the eurozone crisis more difficult. Ultimately, this fear increases the risk of a break-up of the eurozone. Or to paraphrase Franklin Roosevelt, what Germany should fear most is simply its own fear.
Topic:
Economics, Regional Cooperation, Monetary Policy, and Financial Crisis
Political Geography:
Europe and Germany

293. Towards efficient early action: The EU needs a regional focus and proactive tools to prevent and manage conflicts

Author:
Tanja Tamminen
Publication Date:
09-2012
Content Type:
Policy Brief
Institution:
Finnish Institute of International Affairs
Abstract:
The Lisbon Treaty and the European External Action Service provide the EU with an excellent framework for comprehensive and effective crisis prevention and crisis management work. They just need to be utilised to the full. The security and development nexus can only be enhanced through long-term perspectives. Rather than renewing its general security strategy, the EU's focus should be on preparing tailor made and institutionally endorsed regional approaches and strategies, where the broad objectives would be operationalized into more concrete goals. In conflict-prone regions, goal-setting should be carried out through full participation with the beneficiary countries and their civil societies. Dialogue and mediation are perfect tools for achieving reconciliation and stability, and need to be utilized at every stage of comprehensive crisis management and at different levels of society. Comprehensive EU activities in the field of crisis prevention and crisis management should be duly evaluated, as only by looking at the bigger picture can lessons truly be learned and endorsed.
Topic:
Conflict Resolution, Conflict Prevention, Security, and Regional Cooperation
Political Geography:
Europe and Lisbon

294. The Eurasian Customs Union: Friend or Foe of the EU?

Author:
Olga Shumylo-Tapiola
Publication Date:
10-2012
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
The customs union formed by Russia, Belarus, and Kazakhstan in 2010— the largest in the world by territory—is becoming very real. Though hurdles remain, member states are eliminating non-tariff barriers to trade within the union, moving toward a common external tariff, and fine-tuning a joint customs code. As the customs union's influence on the world stage and in Europe's neighborhood is likely to increase, the European Union (EU) should attempt to understand the project and find ways to protect its own interests.
Topic:
Economics, International Trade and Finance, and Regional Cooperation
Political Geography:
Russia, Europe, Central Asia, Eurasia, Kazakhstan, and Belarus

295. EU's Readmission Agreement and Visa Liberalization Talks with Turkey: Backing up Turkey's Protracted Way to the EU

Author:
Lenka Peťková
Publication Date:
08-2012
Content Type:
Policy Brief
Institution:
Global Political Trends Center
Abstract:
European Union (EU) has been reluctant to start visa liberalization talks with Turkey until mid–2012 despite the fact that citizens of all other candidate countries have enjoyed visa-free travel to Schengen area since 2009. The Turkish diplomats had mastered to negotiate roadmap to visa-free travel in an exchange for the initial of the readmission agreement, implementation of which is considered key in securing EU's eastern borders. The issues of migration and visa policy are covered in the negotiating chapter Justice, Freedom and Security, which has been blocked by the Republic of Cyprus. Demonstrating that the said topics represent joint interest of Turkey and the EU, the chapter was added to the positive agenda launched this May with the aim to keep Turkey's accession process alive. Despite the fact that visa liberalization and readmission agreement will both be negotiated outside of Turkey's accession framework, reforms adopted in these areas are likely to ease Turkey's alignment with the provisions of the relevant chapter of the acquis communautaire. Visa liberalization and readmission agreement are thus important factors influencing Turkey's protracted journey to the EU.
Topic:
Islam, Migration, Regional Cooperation, Treaties and Agreements, and Famine
Political Geography:
Europe and Turkey

296. The EU as a Multilateral Rule Exporter. The Global Transfer of European Rules via International Organizations

Author:
Mathieu Rousselin
Publication Date:
12-2012
Content Type:
Working Paper
Institution:
The Kolleg-Forschergruppe (KFG)
Abstract:
This working paper investigates the conditions which prompt a variety of non-EU states grouped within an international organization to adopt European rules or standards rather than any alternative rule or standard available for selection. The paper reviews the main conceptual frameworks from research on the bilateral transfer of European rules and highlights similarities between these and alternative explanatory models of rule transfer, diffusion or convergence found in the broader IR literature. After identifying the main differences between bilateral and multilateral rule transfer processes, the paper proposes theoretical amendments to capture the original forms and new channels via which the EU can either impose constraint or seek consent at the multilateral level. On this basis, two hypotheses are formulated whose plausibility is subsequently probed by means of four comparative case studies dedicated to the worldwide transfer or non-transfer of European rules via international organizations.
Topic:
International Relations, Foreign Policy, Diplomacy, Regional Cooperation, and Bilateral Relations
Political Geography:
Europe

297. No membership without stability in Northern Kosovo: Seven recommendations on how to achieve it

Author:
Imke Pente
Publication Date:
04-2012
Content Type:
Policy Brief
Institution:
The Kolleg-Forschergruppe (KFG)
Abstract:
With a three-month postponement, the European Council agreed to grant Candidate Status to Serbia in early March. This right and groundbreaking decision may yet not release Serbia from settling its relationship with Kosovo and from advancing in settling Kosovo's status. Serbia implemented the agreements of the Pristina-Belgrade dialogue held under the auspices of the European External Action Service only sluggishly. The dialogue has been subject to recurrent adjournments due to growing tensions between the conflicting parties. The fatal escalation of the customs conflict between Serbia and Kosovo in July 2011 illustrated the limbo in northern Kosovo threatening to overturn. The clear results of the referendum about the recognition of the government in Pristina held in Northern Kosovo in February 2012 constitute yet another indicator for the deadlock between the Albanian and Northern Serb communities. For the sake of stability, the EU member states must not be lenient with the status settlement question before allowing Serbia membership in the European Union.
Topic:
Conflict Resolution, Regional Cooperation, and Fragile/Failed State
Political Geography:
Europe, Kosovo, Serbia, and Balkans

298. A wake-up call from enlargement fatigue: The cases of Bosnia-Herzegovina and Serbia

Author:
Anne Bercio and Katrin Böttger
Publication Date:
03-2012
Content Type:
Policy Brief
Institution:
The Kolleg-Forschergruppe (KFG)
Abstract:
Given the current criticism of EU foreign policy after the Lisbon Treaty, the EU urgently needs success in the Western Balkan’s approximation to the EU in order to reassert its own foreign policy standing. After the 2004 enlargement, the EU has been widely advocating its accession policy as its most successful foreign policy instrument. With the Western Balkan countries’ ambitions for and great expectations in a future EU membership, the confirmation of the “European perspective” at Thessaloniki 2003, should have put them on a stable and progressive path towards European Union membership.
Topic:
Conflict Resolution, Regional Cooperation, and Fragile/Failed State
Political Geography:
Europe, Bosnia, Herzegovina, and Serbia

299. Hyperinflations Are Rare, but a Breakup of the Euro Area Could Prompt One

Author:
Anders Åslund
Publication Date:
11-2012
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
Hyperinflation is one of the most misused words in the English language. Two years ago, I heard a prominent American investor say that we were about to get hyperinflation, “not 15 percent a year as under Jimmy Carter but perhaps 5 percent a year.” Hyperinflation is usually 1,000 percent or more a year. The standard definition by Philip Cagan (1956) is that hyperinflation starts when inflation reaches 50 percent a month, and then the economy is in hyperinflation for one year until monthly inflation falls and stays below 50 percent.
Topic:
Economics, International Trade and Finance, Markets, Regional Cooperation, and Monetary Policy
Political Geography:
Europe

300. The European Crisis Deepens

Author:
Simon Johnson and Peter Boone
Publication Date:
01-2012
Content Type:
Policy Brief
Institution:
Peterson Institute for International Economics
Abstract:
Successive plans to restore confidence in the euro area have failed. Proposals currently on the table also seem likely to fail. The market cost of borrowing is at unsustainable levels for many banks and a significant number of governments that share the euro.
Topic:
Political Economy, Regional Cooperation, and Monetary Policy
Political Geography:
Europe